Economics-Macroeconomics

Business

Quiz 4 :

Measuring Gdp and Economic Growth

Quiz 4 :

Measuring Gdp and Economic Growth

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Which of the following expenditures is for an intermediate good?
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C

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GDP does not directly include intermediate goods because
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C

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If Frito Lay, an American snack company, opens a new manufacturing facility in Mexico and produces snacks which are distributed in South America, then Mexico's GDP ________ and U.S. GDP ________.
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A

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Gross domestic product (GDP) measures the
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The word "final" in the definition of GDP refers to
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The calculation of the final goods and services sold in an economy would NOT include
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If Nike, an American corporation, produces sneakers in Thailand this would
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Gross domestic product is a measure of the total value of all
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Intermediate goods are excluded from GDP because
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In the definition of GDP, "market value" refers to
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Which of the following is a final good?
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In the United States, GDP is typically measured
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Which of the following expenditures associated with the production of a new high-performance SUV will be directly included in GDP?
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GDP is defined as the market value of all ________ in a given time period.
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Gross domestic product
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In 2017, Ozzie purchased a 2014 Ford Escort from his neighbor for his son, purchased a 2013 "one owner" Camry from Larchmont Toyota for his wife, bought a 2017 new Ford for himself, and sold his 2006 Dodge Caravan to his teenage nephew. Which, if any, of these transactions will be included in GDP in 2017?
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Gross domestic product is the total ________ produced within a country in a given time period.
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A loaf of bread purchased by one of your instructors would be best described as
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A ton of coal purchased by your local utility to burn to make electricity would be best described as
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Gross domestic product (GDP) is the ________ in a given time period.
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